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    OFF-MARKET Estimated value $505,000
    Theaters & concert halls

    32 Lowell St, Reading, MA 01867-2621

    7,041 SF 0.49 ac lot Built 1917
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US38-1739278
    Property summary
    AI-generated overview

    This exceptional 7,041 square foot building, located at 32 Lowell Street in Reading, Massachusetts, presents a unique investment opportunity. Built in 1913 and designed by George H. Sidebottom in the Late Gothic Revival style, this limestone and granite structure boasts timeless architectural charm. Currently zoned S15, the property offers versatile usage potential for a variety of special purpose applications, including its previous uses as a church and, more recently, a fine arts school. Situated on a sizable 21,175 square foot lot, the property provides ample space for both interior and exterior activities. While the stone facade requires repair or replacement, the building is being sold "as is," offering a chance for customization and renovation. The property is listed on the Massachusetts Historic Register, adding to its unique appeal. The building features two stories and a total of 7,041 square feet of net rentable space. The seller is targeting a June 30, 2025 occupancy date. This prime location within the Boston MSA area presents a compelling opportunity for investors and developers seeking a historic property with significant potential. The property's rich history and versatile zoning make it an ideal candidate for adaptive reuse.

    Property profile
    Verified
    Property type Theaters & concert halls
    Use group THEATER (MOVIE)
    Year built 1917
    Total area 7,041 SF
    Lot 0.49 ac (21,175 SF)
    Zoning code S15
    APN READ M:021.0-0000-0228.0
    UPID US38-1739278
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Northeast Youth Ballet Theater & Performing Art Venue Vocational School
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $505k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $505k
    Owner & transaction history
    32 Lowell Street LLC · 2 yrs held
    32 Lowell Street LLC
    since 2024
    Last sale
    $505,000
    3 recorded transactions
    2024
    2014
    2011
    $505,000
    Zoning & alternative use
    S15 · Reading, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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